Rather than billing clients by the hour, a group of lawyers and their clients agree on a fixed fee based on expected expenses plus a profit for the law firm. They are using cost-plus pricing.
Cost Plus opened its first store in 1958 at 2552 Taylor Street, Fisherman's Wharf, San Francisco, California. This place he closed permanently in 2020. [3] Founder William Amthor discovered that San Francisco residents loved imported discount retail goods when he sold some rattan furniture. The author was running a small, family-owned furniture store in San Francisco at the time, but instead of displaying rattan furniture in his store, he decided to sell it to San Francisco's Fishermen in his 4,000-square-foot storage space in his Wharf neighborhood.
I borrowed The rattan furniture sold quickly, and Amthor was persuaded to start importing goods as a new business. In late 1958, he opened his first store dedicated to imported goods and began importing wicker by ship.[4] In 1962, with the help of his Tandy Corporation in Texas, Cost Plus Another import chain was formed called Imports. These stores were renamed Pier 1 Imports in 1965 and sold in 1966.
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The consumption function shows the relationship between consumption spending and.
Consumption function, in economics, the relationship between consumer spending and the various factors determining it. At the household or family level, these factors may include income, wealth, expectations about the level and riskiness of future income or wealth, interest rates, age, education, and family size.
Consumption Function:
The Consumption Function describes the functional relationship between Consumption and Income.
C=f(Y)
Here, C is the dependent variable and Y is the independent variable. It is mainly used to describe the relation between Total Consumption and National Income on the aggregate level.
Aggregate consumption function :
The aggregate Consumption Function shows the relationship between total disposable income and total consumer spending in the entire economy.
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A(n) ________ is any change in the ownership of an organization that changes the legal existence of the organization.
Answer:
Dissolution is the answer.
A dissolution is any change in the ownership of an organization that changes the legal existence of the organization.
Dissolution of partnership firm is a process in which relationship between different partners of firm is dissolved or terminated.
If a relationship between all the partners of firm is dissolved at that time it is known as dissolution of firm. In case of dissolution of partnership firm, the firm may or may not ceases to exist
Process of dissolution includes the discarding and disposing of all the assets of firm or and settlements of all accounts, assets, and liabilities of the firm.
At the time of the dissolution of partnership firm the existing relationship between the partner’s changes. But, the firm continues its activities.
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The u. s. federal agency responsible for governing securities exchanges, protecting investors, and establishing regulations that govern the disclosure of information to investors is the?
The Securities and Exchange Commission (SEC) is a U.S. government oversight agency responsible for regulating the securities markets and protecting investors.
The SEC protects buyers by enforcing our state's securities laws, taking movement against wrongdoers, and overseeing our securities markets and companies to make certain that investors are dealt with fairly and in reality.
The Securities and exchange commission (SEC) is the U.S. government organization in fee of the state's securities enterprise. It monitors transactions, as well as the sports of monetary specialists.
The SEC is an impartial federal business enterprise, installed pursuant to the Securities change Act of 1934, headed via a five-member commission. The Commissioners are appointed by the President and showed by way of the Senate.
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An optimal plan for minimizing the cost of allocating capacity to meet demand over several planning periods"" best describes __________.
"An optimal plan for minimizing the cost of allocating capacity to meet demand over several planning periods" best describes the transportation method.
The Transportation Method of linear programming is used to solve issues pertaining to the analysis of effective transportation routes, i.e., how effectively the product from various production sources is delivered to various destinations, such that the overall transportation expense is kept to a minimum.
The transportation strategy is a special one that can only be used to handle a certain kind of problem, as when it's important to maximize profit or minimize cost when transporting items from a number of M despatch locations to a number of N receiving points.
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The practice of charging different prices to different consumers for the same product is called?
The practice of charging different prices to different consumers for the same product is called price discrimination.
Price discrimination is a selling strategy which charges the customers different prices for the same product or service. This discrimination is based on what the seller thinks they can get the customer to agree to.
This situation of price discrimination prevails under monopoly market as they can charge different prices from different buyers here easily. This strategy is used by businesses in order to maximize revenue by charging customers different prices based on their willingness to pay.
Hence, businesses and companies practice price discrimination in order to maximize their profits.
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____ risk exists in situations that offer potential for gain as well as for loss.
Speculative risk exists in situations that offer potential for gain as well as for loss.
What is Speculative risk ?Speculative risk is a type of risk that can be taken deliberately and will result in either a profit or a loss. All speculative risks are the outcome of a deliberate decision.
In speculative risk, there are three conceivable outcomes: something good (gain), something bad (loss), or nothing (staying even). Gambling and stock market investing are two instances of speculative hazards. Each gives the opportunity to gain money, lose money, or even walk away.
Whereas pure risk is uncontrollable and may only result in a loss if it occurs, speculative risk is voluntary and can end in either a profit or a loss. As a result, speculative risks are considered controllable hazards.
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The sequence of work for a job is also known as its:_____
a. load.
b. path.
c. routing.
d. trajectory.
The sequence of work for a job is also known as its: routing.
Hence the correct option is, c. routing.
There are principles for work sequencing that decide which tasks should be completed first by giving each one a priority. This procedure takes care of any scheduling problems that can cause inefficiency.
Manufacturers and schedulers can construct production plans that are as efficient as possible by using job sequencing rules. The direction of your business performance is decided by your production schedule. Jobs and orders will be finished in the period promised if the production schedule is streamlined.
To assist manufacturers and schedulers in developing productive production schedules, job sequencing rules have been developed. Our production schedule determines how well we firm will perform. Jobs and orders will be finished in the allotted amount of time thanks to an improved manufacturing plan.
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Assume the sales mix consists of one unit of product x and one unit of product y. if the sales mix shifts to one unit of product x and two units of product y, then the breakeven point will ________
The breakeven point will increase ,when the sales mix shifts to one unit of product x and two units of product y. A product's actual sales mix % is calculated by dividing its actual sales by the sum of all sales of all items.
Sales mix is the percentage of a company's overall sales that come from just one product. The most frequent definition of sales mix is the share of a company's total sales that are attributable to a particular product.
The percentage of budgeted sales mix is calculated by dividing the number of units of a product sold by the total number of units of items sold in the budget.
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When an individual who is insured under a disability income policy cannot perform one or more of his or her regular job duties, this is known as?
When a person insured under a disability income insurance policy cannot, for limited period of time, perform all functions of his or her regular job duties, this is known as Residual disability or Partial disability.
"Residual disability" is the inability to do one or more job duties or to execute them as regularly as previously, along with a loss of pre-disability income.
Residual disability policies compensate based on lost income. These insurance offer benefits if you can work part-time and aren't entirely disabled. The benefit is dependent on your part-time income compared to your full-time salary.
Depending on the policy, a person receiving residual disability payments may receive a reduced benefit or none at all if her monthly income exceeds a specific proportion of pre-disability income. Some programs require entire disability before granting residual disability benefits. You can buy a residual policy as a stand-alone income replacement policy or as a rider on a total disability policy. Income replacement is cheaper than total disability. Partial and residual disability insurance are comparable. Both pay benefits if you can accomplish some job requirements.
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When does issue identification become the first step in the ethical decision-making process?
Determine the facts, does issue identification become the first step in the ethical decision-making process.
The Twelve Questions Model was developed by ethics scholar Laura Nash as a straightforward method for making ethical decisions. Nash, L. (1981). Without the sermon, ethics.
According to her approach, you should ask yourself certain questions to ascertain whether the choice you are about to make is morally sound.
In order to examine ethical decisions from all perspectives, this paradigm invites people to rethink their understanding of how to make moral decisions. She poses the following queries as part of her model: Nash, L. (1981).
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AcquirerCo purchases TargetCo by issuing $80,000,000 in debt at an 8% rate. TargetCo has $6,500,000 in EBIT and AcquirerCo can recognize $2,000,000 in synergies and has a 40% marginal tax rate. An analyst covering AcquirerCo estimates its standalone earnings per share at $2.75 per share on 25,000,000 shares. What are AcquirerCo's pro forma earnings per share after the transaction
AcquirerCo's pro forma earnings per share after the transaction is $2.8.
Earnings per shareUsing this formula
Pro forma EPS = Pro forma Net Income / AcquirerCo shares outstanding. Pro forma Net Income = AcquirerCo Net Income + TargetCo after-tax EBIT + after-tax synergies - after-tax interest expense.
First step
AcquirerCo Net Income = $2.75 EPS estimate x 25,000,000 outstanding shares
AcquirerCo Net Income = $68,750,000
TargetCo after-tax EBIT = $6,500,000 x (1 - 40% tax rate)
TargetCo after-tax EBIT = $3,900,000
After-tax synergies = $2,000,000 x (1 - 40% tax rate)
After-tax synergies = $1,200,000
After-tax interest expense to finance deal = $80,000,000 x 8% cost of debt x (1 - 40% tax rate)
After-tax interest expense to finance deal = $3,840,000
Second step
Pro forma Net Income= $68,750,000 + $3,900,000 + $1,200,000 - $3,840,000
Pro forma Net Income = $70,010,000
Third step
Pro forma EPS = $70,010,000 Net Income / 25,000,000 shares
Pro forma EPS = $2.8
Therefore AcquirerCo's pro forma earnings per share after the transaction is $2.8.
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A marketing practice with the goal of generating traffic from search engines through both paid and unpaid efforts is called?
Marketing techniques aimed at generating traffic from search engines through paid and unpaid efforts is called Content Marketing.
Search engine marketing is marketing about search. Search engine optimization is a technique aimed at improving a website's ranking in search engines for specific keywords. A page that displays search results from a search engine.
Free listings displayed on search engine results pages. It is inferred based on the relevance of your content to keyword queries compared to all other indexed content on the web.
Paying a search engine to have your company's listing appear at the top of search results. Also known as search engine optimization (SEO).
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If there is a demand for more shares than are available at the offering price, the offering is said to be?
If there is a demand for more shares than are available at the offering price, the offering price is said to be overpriced.
This all happens due to the law of demand and supply.
The law of supply and demand is a theory that seeks to explain the relationship between the availability as well as the desire for a product, such as a security, and its relative price.
Typically, when the availability of shares in the market is low and the demand is high, it boosts the price of the shares in the market..
Alternatively when there is high availability of the shares and the demand for shares is very low then it leads to the reduction in its price.
The law affects the stock market by determining the prices of the individual stocks which make up the market.
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In a print advertisement, items used to identify the sponsor of the ad, such as the company logo or usp, are referred to as.
In a print advertisement, items used to identify the sponsor of the ad, such as the company logo or USP, are referred to as Brand elements
Advertising Management :
Advertising management is a planned managerial process designed to oversee and control the various advertising activities involved in a program to communicate with a firm's target market and which is ultimately designed to influence the consumer's purchase decisions. Advertising is just one element in a company's promotional mix and as such, must be integrated with the overall marketing communications program.
What are brand elements ?
Brand elements mean those elements, features, or traits that differentiate a brand from others. As mentioned earlier, the core purpose of these brand elements is to develop uniqueness in a competitive market. These elements may include slogans, logo, taglines, brand name, packaging, etc.
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What kind of knowledege must central planners possess to manage an economy efficiently?
According to Friedrich Hayek’s knowledge argument, central planners will need the knowledge relevant to making distributional decisions to manage an economy efficiently.
What are the main characteristics of a centrally planned economy?
The ownership, sovereign decision-making, pricing, distribution, production, economic decision-making, incentives, and political control characteristics of centrally planned economies are as follows: Ownership: Centrally planned economies lack private ownership.
How do centrally planned economies prioritize economic goals?
Priorities for the production of all commodities and services are determined by the central plan. This covers pricing caps and quotas. The objective is to provide everyone in the nation with enough food, housing, and other necessities. National priorities on matters like mobilizing for war are likewise established by the central plan.
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To make a trade in a barter economy requires:____.
a. currency.
b. a check.
c. scrip.
d. a double coincidence of wants.
To make a trade in a barter economy requires a double coincidence of wants. Barter economy is a cashless economic system where goods and services are exchanged at agreed-upon prices. One of the earliest forms of economies is barter, which predates both monetary systems and written history.
Barter may be used effectively in practically any industry. Informally, people sometimes engage in barter and other reciprocal system without ever considering them to be such. For instance, when offering web design or tech help to farmer or baker in exchange for veggies or baked goods, the traders must have mutually compatible wants.
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An ad for citrucel fiber supplement claimed that in a blind taste test, consumers preferred the taste of citrucel to metamucil 2 to 1. this ad is an example of ________ advertising.
An ad for Citrucel fiber supplement claimed that in a blind taste test, consumers preferred the taste of Citrucel to Metamucil 2 to 1. this ad is an example of comparative advertising.
What is a Comparative advertising?
Comparative advertising can be described as a marketing strategy whereby company's product or service is been presented as superior with respect to that of its competitors.
It should be noted that in comparative advertising campaign , there could be printing of side-by-side comparison of the features of a company's products for the public.
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In which of the five basic supply chain activities do you support customers and product returns?
In returns of the five basic supply chain activities customers and product returns. Five characteristics or elements can be thought of as being present in supply chain management in order to assure sustainability and efficacy.
Unavoidably, customers will want to return items. This could occur for a variety of reasons, such as damage, noncompliance with quality standards, defective products, products that are past their expiration dates or are close to doing so, or products that were delivered in the wrong quantity or with the incorrect products.
The process of returning an item and receiving a refund are both critical to the customer experience.
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The goods or services purchased by a business for immediate use in the production process are known as?
Intermediate inputs are the goods or services purchased by a business for immediate use in the production process. The items and services that are utilized in the manufacturing process to create other goods or services rather than being used for end use are known as an industry's intermediate inputs.
These include energy, raw materials, semi-finished products, and services that are obtained from all sources. It is equivalent to the sector's gross output minus value added . They might be changed or consumed during the production process. Land, labor, and capital are not considered intermediate inputs because they are fundamental inputs.
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If the price elasticity of demand for insulin is equal to zero then the demand curve for insulin is?
If the price elasticity of demand for insulin is equal to zero then the demand curve for insulin is - vertical
The demand curve is a graphical illustration of the connection between the price of a good or carrier and the amount demanded for a given period of time. In a standard representation, the rate will seem at the left vertical axis, the quantity demanded at the horizontal axis.
the demand curve, in economics, is a graphic representation of the relationship between product charge and the amount of the product demanded. it is drawn with the rate at the vertical axis of the graph and the amount demanded on the horizontal axis.
The demand curve can be an essential device to apply while companies make pricing decisions. this is because the demand curve can display the price factor wherein the customer responsiveness drops, in addition to the rate point that elicits the highest demand.
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An asset is exchanged for another asset and no cash is exchanged in the transaction. The fair value of the assets are not determinable. At what amount should the new asset be recorded?
Book value of the asset given up less the cash received.
How Do Assets Work?An asset is a resource having economic worth that a person, organization, or nation owns or manages with the hope that it may someday be useful. A company's balance sheet lists its assets. They are divided into current, fixed, financial, and intangible categories.
They are acquired or produced to raise a company's worth or enhance its operations. Whether it's a piece of manufacturing equipment or a patent, an asset can be looked at as anything that can, in the future, increase sales, lower costs, or generate cash flow.
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It is critical for body cells to maintain fluid and electrolyte balance. The body achieves this balance by?
It is critical for body cells to maintain fluid and electrolyte balance. The body achieves this balance by attracting water into the cell through increased electrolyte concentrations.
The current density necessary to achieve passivity in a specific metal electrolyte system depends on the electrolyte concentration. When iron and sulfuric acid are combined, the current density necessary for passivity falls as the sulfuric acid concentration rises.
When dissolved in water, chemicals known as electrolytes acquire a natural positive or negative electrical charge. Since the average adult's body includes 60% water, electrolytes are present in almost all of the body's fluids and cells. They support a variety of bodily functions, including maintaining the harmony of fluids within and outside of your cells and regulating chemical processes.
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The blank______ is usually accepted as a firm's cost of debt capital for wacc calculations. multiple choice question.
The promised yield to maturity on the firm's bonds is usually accepted as a firm's cost of debt capital for wacc calculations.
Meaning of Maturity is the quality or state of being mature, especially full development. Maturity is the state of having reached a stage of full or advanced development. A maturity is a noun form of mature.
Maturity is not a matter of age, but instead, of how you choose to respond and react to various life situations. It is essentially a level of mental development or wisdom that has a bearing on all areas of an individual's life, right from their conduct to their relationship with others.
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Nora is deaf and works at a busy coffee shop as a barista. her main duties include standing at the drive-thru window, taking customers’ payments, and handing them their beverages. what are two reasonable accommodations that her employer might implement to make it easier for her to successfully do her job?
One accommodation that her employer can implement is that whenever a customer has a question of some sort that another employee is available to take over and answer the question.
Another accommodation that her employer could could simply have a system where they can not only communicate with the customers but also hand them over without any complications.
How do employees communicate with customers?7 Rules for Effective Customer Service CommunicationPersonalize the interaction. ...Avoid negative phrases. ...Use positive language with a touch of empathy. ...Listen closely and avoid interrupting the customer. ...Use consistent brand vocabulary. ...Give thorough answers to technical questions. ...Make communication clear and concise.What is effective communication in the workplace?Exchanging information and ideas within an organization is called workplace communication. However, effective communication occurs when a message is sent and received accurately. In every aspect of life (both professional and personal), effective communication is important to success and happiness.
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https://brainly.com/question/20479271#SPJ4A(n) _______ is a legal agreement that helps to protect a lender if a borrower does not make required payments on notes or bonds. This agreement gives the lender the right to be paid from the cash proceeds of the sale of the borrower's assets, as identified in the agreement.
A mortgage is a legal agreement that helps to protect a lender if a borrower does not make required payments on notes or bonds.
A mortgage is an agreement between you and a lender which gives the lender the right to take your property if you fail to repay the money you have borrowed plus the added interest. Mortgage loans are used in order to buy a home or to borrow money against the value of a home you already own.
A mortgage is a necessity if one cannot pay the full cost of a home out of their pocket at a given time period. For instance, investors sometimes mortgage properties to free up their funds for other investments.
Hence, a mortgage is considered a legal agreement.
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Monopolistically competitive firms ________ earn profits in the long run due to ________.
Monopolistically competitive firms can earn profits in the long run due to dominating the market.
What are Monopolistic competitions?Monopolistic competitions can be regarded as theone that are characterizes as an industry whereby many firms offer products or services that are similar .
In this case, this product are substitutes , and they have Barriers to entry and exit in a monopolistic competitive industry .
It should be noted that Monopolistically competitive firms can earn profits in the long run due to dominating the market.
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Which technique is not usually employed in analyzing oligosaccharides and polysaccharides?
The SDS-PAGE technique is not usually employed in analyzing oligosaccharides and polysaccharides. While polysaccharides often contain several monosaccharides linked together by the glycosidic bonds, oligosaccharides normally contain only a few sugars, usually 3 to 15, bound together by glycosidic linkages. The Water is a byproduct of the dehydration event that creates glycosidic linkages.
The Monosaccharides, which are little sugar molecules, are the building blocks for both oligosaccharides and polysaccharides. The fundamental distinction between oligosaccharides and polysaccharides is the number of monosaccharides that go into making an oligosaccharide, as opposed to the number of monosaccharides that go into making a polysaccharide.
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Grey wolf has current assets of 2230 net fixed assets of 9900 current liabilities of 1380 and long term debt of 40. What is the value of the shareholder equity account for this firm?
The value of shareholders' equity is $5,690.
Total assets = Current assets + Net fixed assets
Total assets = $2,090 + $9,830
Total assets = $11,920
The value of shareholders' equity is $5,690.
Total liabilities = Current liabilities + Long-term debt
Total liabilities = $1,710 + $4,520
Total liabilities = $6,230
Value of shareholders' equity = Total assets - Total liabilities
Value of shareholders' equity = $11,920 - $6,230
Value of shareholders' equity = $5,690.
Equity held by shareholders refers to the sum that a company's founders have contributed to the enterprise. This covers the funds they have directly invested as well as the total amount of profits the business has generated and reinvested since its establishment. The equity of the shareholders is calculated using this formula as the difference between total assets and total liabilities.
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What are two lessons financial managers should be aware of in regard to financial leverage?
Debt is not cheap financing and many financing schemes hold hidden debt costs are two lessons financial managers should be aware of in regard to financial leverage.
What Is Financial Leverage?
Financial leverage results from using borrowed capital as a funding source when investing to expand the firm's asset base and generate returns on risk capital. Leverage is an investment strategy of using borrowed money—specifically, the use of various financial instruments or borrowed capital—to increase the potential return of an investment.
Concept of Leverage:
Leverage is the use of debt (borrowed capital) in order to undertake an investment or project. The result is to multiply the potential returns from a project. At the same time, leverage will also multiply the potential downside risk in case the investment does not pan out. When one refers to a company, property, or investment as "highly leveraged," it means that item has more debt than equity.
The concept of leverage is used by both investors and companies. Investors use leverage to significantly increase the returns that can be provided on an investment. They lever their investments by using various instruments, including options, futures, and margin accounts. Companies can use leverage to finance their assets. In other words, instead of issuing stock to raise capital, companies can use debt financing to invest in business operations in an attempt to increase shareholder value.
Investors who are not comfortable using leverage directly have a variety of ways to access leverage indirectly. They can invest in companies that use leverage in the normal course of their business to finance or expand operations—without increasing their outlay.
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Milton friedman argued that consumers are more likely to alter their behavior based on.
Milton Friedman argued that consumers are more likely to alter their behavior based on changes in the long-term changes in the economy.
About Milton Friedman :
Milton Friedman gave a economic theory called monetarism, that refer to the control of money in the economy. Friedman gave an idea that changes in the money supply have long-term and short term effects.
Friedman argued that consumer behavior is influenced by the long-term changes in the economy. Long term changes in economy influence consumer behavior in spending money for their goods. for example: If Long term changes in economy are positive then the consumption by consumers increases otherwise it will decrease.
Hence, the correct answer is "long-term changes in the economy."
The missing part of question is :
changes in the unemployment rate.
short-term changes in the economy.
long-term changes in the economy.
changes in the inflation rate.
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